Xometry, Inc. (NASDAQ:XMTR) Shares Bought by Invesco Ltd.

Invesco Ltd. lifted its holdings in shares of Xometry, Inc. (NASDAQ:XMTR - Free Report) by 711.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 251,006 shares of the company's stock after buying an additional 220,088 shares during the quarter. Invesco Ltd. owned approximately 0.51% of Xometry worth $10,708,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Global Retirement Partners LLC acquired a new position in Xometry during the fourth quarter worth $27,000. SBI Securities Co. Ltd. acquired a new position in shares of Xometry during the 4th quarter worth about $73,000. Victory Capital Management Inc. purchased a new stake in Xometry during the 4th quarter worth approximately $219,000. AssuredPartners Investment Advisors LLC purchased a new position in shares of Xometry in the fourth quarter valued at approximately $221,000. Finally, Atria Investments Inc purchased a new stake in shares of Xometry during the fourth quarter worth approximately $224,000. Hedge funds and other institutional investors own 97.31% of the company's stock.

Insider Buying and Selling at Xometry

In related news, COO Peter Goguen sold 3,000 shares of the business's stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $35.57, for a total transaction of $106,710.00. Following the completion of the transaction, the chief operating officer now directly owns 161,993 shares of the company's stock, valued at $5,762,091.01. The trade was a 1.82 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Emily Rollins sold 2,000 shares of Xometry stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $20.66, for a total value of $41,320.00. Following the completion of the transaction, the director now owns 16,146 shares of the company's stock, valued at $333,576.36. The trade was a 11.02 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 78,256 shares of company stock valued at $2,012,889 in the last 90 days. Company insiders own 16.79% of the company's stock.

Xometry Stock Performance

NASDAQ XMTR opened at $23.34 on Wednesday. The company has a market cap of $1.17 billion, a P/E ratio of -22.23 and a beta of 0.72. Xometry, Inc. has a 1-year low of $11.08 and a 1-year high of $45.33. The company has a debt-to-equity ratio of 0.90, a current ratio of 4.59 and a quick ratio of 4.55. The stock has a 50-day moving average of $25.68 and a two-hundred day moving average of $29.46.

Analysts Set New Price Targets

A number of research firms recently weighed in on XMTR. UBS Group boosted their price target on shares of Xometry from $22.00 to $33.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 26th. Royal Bank of Canada lifted their price objective on Xometry from $27.00 to $40.00 and gave the stock a "sector perform" rating in a research report on Friday, January 3rd. JMP Securities reiterated a "market outperform" rating and set a $42.00 price target on shares of Xometry in a report on Monday, February 10th. Cantor Fitzgerald raised their price objective on shares of Xometry from $12.00 to $20.00 and gave the stock an "underweight" rating in a research report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Xometry from $45.00 to $30.00 and set an "overweight" rating for the company in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Xometry currently has an average rating of "Moderate Buy" and an average price target of $34.44.

Xometry Company Profile

Xometry, Inc operates an online marketplace that enables buyers to source custom-manufactured parts and assemblies in the United States and internationally. It provides computer numerical control manufacturing, sheet metal forming, and sheet cutting; 3D printing, including fused deposition modeling, direct metal laser sintering, PolyJet, stereolithography, selective laser sintering, binder jetting, carbon digital light synthesis, multi jet fusion, and lubricant sublayer photo-curing; and die casting, stamping, injection molding, urethane casting, tube cutting, and tube bending, as well as finishing services, rapid prototyping, and high-volume production services.

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